✴️ XRP | Gauging Strength | Insider Trading
When in doubt, look at XRPUSD; why?
Because it has been leading the market.
After 11-May XRPUSD has been growing while other Altcoins are lagging behind.
When I see a drop and I become scared I quickly open up the XRP chart, if the price looks good, I know that we are still on track to continue up. If the price drops I would start to reassess everything... Why? Because XRP moved first and what one does, the rest tends follow.
Now, let's gauge its strength.
I mapped the Fibonacci retracement tool for the two last bullish waves. Ever since 11-May, XRPUSD hasn't touched a single one of these levels.
On the 5th June, a market shakeout was initiated by some unrelated news. XRPUSD dropped as expected but failed to test the Fib. 0.382, which is a signal of massive strength.
The current price trades above 0.53300 while the highest close happened at 0.53537. If XRPUSD produces a new high based on candle close, thats a signal of strength, a very subtle signal but it helps you to clear out any doubts that you might have about the other pairs.
It is all a patience game.
I am using EOS in a similar way as XRP right now and Bitcoin of course.
While there is fear and uncertainty going on around, $26,500+ is actually really, really strong. Remember, we were below 18K just six months ago.
We are set to move beyond 40K and complete the best wave since 2021.
I am gauging XRPs strength, it should drop a little bit when Bitcoin goes up.
There is a lot of insider trading on this pair, so watch out what this one does.
If these people are buying, they know something we don't know.
But I can speculate, they more likely think we are going up.
No surprise, everything is pointing up!
Namaste.
Because it has been leading the market.
After 11-May XRPUSD has been growing while other Altcoins are lagging behind.
When I see a drop and I become scared I quickly open up the XRP chart, if the price looks good, I know that we are still on track to continue up. If the price drops I would start to reassess everything... Why? Because XRP moved first and what one does, the rest tends follow.
Now, let's gauge its strength.
I mapped the Fibonacci retracement tool for the two last bullish waves. Ever since 11-May, XRPUSD hasn't touched a single one of these levels.
On the 5th June, a market shakeout was initiated by some unrelated news. XRPUSD dropped as expected but failed to test the Fib. 0.382, which is a signal of massive strength.
The current price trades above 0.53300 while the highest close happened at 0.53537. If XRPUSD produces a new high based on candle close, thats a signal of strength, a very subtle signal but it helps you to clear out any doubts that you might have about the other pairs.
It is all a patience game.
I am using EOS in a similar way as XRP right now and Bitcoin of course.
While there is fear and uncertainty going on around, $26,500+ is actually really, really strong. Remember, we were below 18K just six months ago.
We are set to move beyond 40K and complete the best wave since 2021.
I am gauging XRPs strength, it should drop a little bit when Bitcoin goes up.
There is a lot of insider trading on this pair, so watch out what this one does.
If these people are buying, they know something we don't know.
But I can speculate, they more likely think we are going up.
No surprise, everything is pointing up!
Namaste.
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